SK Hynix has denied reports that it has reached an agreement with Intel to manufacture memory chips in the United States, saying discussions around possible cooperation remain exploratory.
The South Korean chipmaker was responding to a Reuters report which claimed the two companies had held discussions about a potential deal that would see SK Hynix produce memory chips in the US for the first time.
SK Hynix said it was exploring various options to strengthen its global competitiveness but stressed that no specific plans or arrangements had been finalised.
The company also addressed two scenarios cited in the Reuters report, including the possibility of leasing part of a long-planned Intel semiconductor manufacturing facility in Ohio.
Another scenario involved the potential formation of a joint venture between SK Hynix, Intel and major cloud companies.
“No decisions have been made regarding the two scenarios mentioned in this article,” SK Hynix said.
The company added that nothing had been finalised regarding cooperation with any of the specific companies mentioned in the report or the production of memory chips in the US.
SK Hynix listed its shares in the US earlier this year, raising more than $26 billion through an initial public offering as investors sought exposure to the artificial intelligence boom.
US Commerce Secretary Howard Lutnick said in July that SK Hynix should increase efforts to expand memory production in the US to help address a shortage.
